Odaily Planet Daily reports, according to Arkham monitoring, an alleged Arca-associated wallet incurred a $100,000 loss on Polymarket this morning. This Polymarket wallet previously received deposits from an Arca wallet and was signed by it; it spent $100,000 at an average price of 0.5 cents to buy YES shares in the market “Will MicroStrategy sell BTC before May 31?”, which settled at 0 upon expiration.
Suspected Arca-linked wallet loses $100,000 on Polymarket prediction market
KuCoinFlashShare
Summary
A wallet suspected of being linked to Arca lost $100,000 on Polymarket’s “Will MicroStrategy sell BTC by May 31st?” market. The wallet, funded by an Arca address, purchased YES shares at 0.5 cents. The market settled at 0. Market trends indicate rising activity in prediction markets, and market cycles continue to influence trader behavior.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.